Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Tom Green County, Texas

Premium Subsidies

YearPremium SubsidiesPolicies
1995$883,2861,554
1996$912,6241,564
1997$1,019,5961,476
1998$1,428,3371,494
1999$1,435,1651,830
2000$2,163,6352,133
2001$2,266,8352,274
2002$1,849,2852,299
2003$1,930,6222,409
2004$2,204,1492,449
2005$1,660,6502,368
2006$2,634,7552,235
2007$3,310,7452,381
2008$4,708,7402,311
2009$5,586,7092,439
2010$4,905,1552,433
2011$10,438,5202,615
2012$9,275,3172,800
2013$8,013,8822,832
2014$7,250,7942,799
2015$8,718,3803,189
2016$8,937,7352,767
2017$9,775,5682,527
2018$10,691,4862,430
1995-2018$120,236,12657,859

METHODOLOGY: EWG obtained county level crop insurance information from USDA Risk Management Agency which shows premium subsidies, indemnities and farmer premiums at the county/crop level by crop year. Administrative and Operating Expense Reimbursements to crop insurance companies (A+O), Other program fund costs, Other administrative and operating fund costs expenses, and Government earned interest were allocated to the crop/county level by using the national expenditures/revenue of the Crop Insurance program (available here for 2008-2017 and from RMA previous to 2008) in each category and attributing them the crop/county level by total premiums. EWG was unable to attribute underwriting gains to the county/crop level. Underwriting gains (or losses) are paid to insurance companies when the insurance companies collect more in total subsidies than are paid out in indemnities. Since underwriting gains are paid by company on the basis of all of their policies, EWG was unable to allocate underwriting gains by crop or by region. The total underwriting gains for 1995-2018 is $14.6 billion.

 

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